President Trump is set to announce a $100 billion domestic manufacturing investment from Apple (AAPL) at 4:30 P.M. Eastern Time today, according to the White House. In February, the iPhone-maker agreed to invest $500 billion in the U.S. over the next four years following tariff threats from Trump.
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“Today’s announcement with Apple is another win for our manufacturing industry that will simultaneously help reshore the production of critical components to protect America’s economic and national security,” said White House spokesperson Taylor Rogers.
Apple’s U.S. Investment Rises to $600 Billion
Following the announcement, Apple’s total U.S. commitment over the next four years will jump to $600 billion and will be used toward manufacturing facilities, servers, the creation of movies and TV shows for Apple TV+, and more.
Apple’s investment could help the company win tariff carveouts for its products, similar to the special status it received during Trump’s first term.
AAPL stock is up by 1.46% in premarket trading.
